OMV Petrom has started construction work on the sustainable aviation fuel (SAF) and renewable diesel fuel (HVO) production unit at Petrobrazi, an investment of 750 million euros and a capacity of 250,000 tons per year, from 2028. Petrom posted a video on its social media page with the symbolic moment of the start of construction, […]
The heads of OMV and OMV Petrom had a meeting today at Cotroceni Palace with interim President Ilie Bolojan. Here is the full press release from the Presidential Administration: The interim President of Romania, Ilie Bolojan, received on Monday, March 17, 2025, at Cotroceni Palace, a delegation of OMV Petrom, consisting of members of the […]
A delegation from OMV and OMV Petrom held talks today with Prime Minister Ciolacu and interim President Bolojan. The Presidency issued a statement after the meeting, but not the Government, but we managed to find out, from sources close to the situation, what was the main topic of discussion. Gas taxation was the dominant topic […]
The Preventive Action Plan in the Energy Sector, developed by the Ministry of Energy, is an essential document for ensuring the security of gas supply in Romania, claims Energy Minister Sebastian Burduja. According to a press release sent to AGERPRES on Friday, the Ministry of Energy has promoted the emergency ordinance in the Government regarding […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces the completion of the transfer of a stake between its subsidiary OMV Offshore Bulgaria and NewMed Energy Balkan, a subsidiary of NewMed Energy, a press release from the Romanian company shows. Following the completion of the transaction, the two partners hold equal stakes in […]
Russian oil supplies to Hungary via the Drujba pipeline were suspended on Tuesday following a massive Ukrainian drone attack targeting the Moscow region, which also damaged a pipeline station, Hungarian Foreign Minister Peter Szijjarto said, according to the MTI news agency, quoted by Agerpres. The Hungarian official announced shortly afterwards that he had been informed […]
Amid rising temperatures, which led to a decrease in consumption, Romania has resumed exporting natural gas and even re-injecting it into storage, according to Transgaz data. Romania imported 9.1 million cubic meters of gas from Bulgaria on March 12, both through the Kardam-Negru Vodă entry point and through Ruse-Giurgiu. Transgaz data at 6:00 p.m., however, […]
Black Sea Oil and Gas (BSOG), the company controlled by the American investment fund Carlyle, announces the 1,000-day anniversary of extracting the first molecule of gas from the Black Sea. BSOG, which provides about 10% of Romania’s gas consumption, says that in the 1,000 days since the extraction of the first gas, it has produced […]
Hungary and Romania have signed an agreement on solidarity measures to ensure the security of natural gas supply, an older idea that Hungary has opposed in the past. “I signed together with Szijjarto Peter, the Minister of Foreign Affairs and Trade in Budapest, the Agreement between the Government of Romania and the Government of Hungary […]
Amid intense geopolitical changes, exacerbated by US President Donald Trump’s tariff policies – and more – Europe is looking to develop untapped natural gas reserves in regions such as Cyprus, Romania, Norway and Greece. The aim is to increase energy security and reduce dependence on foreign suppliers, according to the trade press. Europe’s energy landscape […]
The European Commission proposedtoday to prolong the current Gas Storage Regulation (COM/2025/99) until the end of 2027. In the current geopolitical context and volatile situation in the global gas markets, this 2 year extension will contribute to ensuring continued security of energy supply across the EU and stability of the European gas market. It will […]
Transgaz intends to buy the majority stake in Petrostar Ploiești, a company with 70 years of tradition in engineering for the oil and gas industry, according to a company statement. Transgaz, the operator of the national gas transmission system in Romania, has put on the agenda of next month’s AGM “the approval of the acquisition […]
In January 2025, Russia increased its gas supplies to Turkey by 3.7%, reaching 2.78 billion cubic meters, according to TASS calculations based on Eurostat data. Eurostat figures – largely in line with statistics provided by Turkey’s Energy Market Regulatory Authority (EPDK) – indicate that in January, Turkey imported a total of 2.781 billion cubic meters […]
The Transocean Barents mobile drilling rig, contracted for drilling work related to the natural gas extraction project, has set sail, according to a video posted by Petrom. “A safe departure for Transocean Barents! The mobile drilling unit has set sail from Constanța for the Neptun Deep field, 160 km offshore Tuzla, in the Romanian Black […]
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